The author is a Forbes contributor. The opinions expressed are those of the writer.

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Talented accountants and attorneys specializing in tax mitigation and related areas, such as asset protection planning, are in growing demand by some of the wealthiest single-family offices as well as the super rich looking to establish their own family offices.

Ultra-wealthy families with operating single-family offices and those looking to establish such entities are, more and more, seeking to employ experienced and knowledgeable tax professionals in senior management positions. To date, it has been common for accountants and attorneys to have such roles at single-family offices. However, these positions, many times, were managerial in nature. The current trend among some of the wealthiest single-family offices and families is for the tax professionals to have more control over the operations and functions of the single-family offices, and be responsible for addressing the advanced planning considerations – wealth enhancement, estate planning, asset protection planning, and international tax planning – of the family.

The increasing importance of high-caliber tax experts working in-house is due to the incredible size of the personal fortunes involved and the recognition that astute advanced planning can dramatically contribute and protect the wealth of the family. These expanded responsibilities require the services of very adept professionals who are well versed and experienced in enabling the super-rich to effectively deal with tax and related issues.

There are a number of ways the single-family offices and the super-rich are sourcing and recruiting tax professionals. The most pervasive approach is to bring in-house external experts they identify as proficient and with whom they have experience working.

Another approach being employed by some multi-billion dollar single-family offices and families is to be highly proactive while being intentionally slightly obscure. (Note: I am periodically engaged to assist single-family offices and the super-rich in this process.) Here the super-rich family in conjunction with some of their closest advisors identify a number of potential tax professionals as candidates. Then the candidates are approached to determine their general level of interest and requirements. If they are interested and their requirements are deemed reasonable, a comprehensive background investigation is conducted including an in-depth assessment of their expertise. Based on the results of the investigation, a few of the candidates are brought in to meet key individuals. At this point, based on the chemistry of the people involved, an offer is made.

The compensation in these cases tends to include million dollar plus annual base salaries with multi-year guarantees. Furthermore, there is always the ability to earn significantly more based on the contributions of the tax professional to the single-family office. A large percentage of the additional potential earning are formulaic.

With the continued growth of the super-rich cohort and the parallel growth of single-family offices, the importance of advanced planning will continue to rise. This will result in more and more tax professionals being hired as senior executives in single-family offices. In order to acquire some of the best-of-the-best, the super-rich will pay them exceedingly well.